Asici, Ahmet; Ivanova, Nadezhda; Wyplosz, Charles - International Economics Section, The Graduate Institute … - 2005
This paper improves upon the recently developed literature on exits from fixed exchange rate regimes in three ways: 1) It allows for two indicators for post-exit macroeconomic conditions, the change in the exchange rate and the change in the output gap; 2) it tests whether the distinction...